🇺🇸🇸🇦 U.S. imports of Saudi crude hit zero in July, the first full month without any Saudi oil since 1985.
The drop followed disruptions in the Persian Gulf from the U.S.-Iran war.
Shipments are expected to partially rebound this month to around 300K barrels a day, but for now, U.S. refiners have switched to other suppliers, including Venezuela.
$COOKIE $BICO $KMNO
The drop followed disruptions in the Persian Gulf from the U.S.-Iran war.
Shipments are expected to partially rebound this month to around 300K barrels a day, but for now, U.S. refiners have switched to other suppliers, including Venezuela.
$COOKIE $BICO $KMNO